PQIAX vs. VYM
Compare and contrast key facts about Principal Equity Income Fund (PQIAX) and Vanguard High Dividend Yield ETF (VYM).
PQIAX is managed by Principal. It was launched on May 31, 1939. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PQIAX or VYM.
Key characteristics
| PQIAX | VYM | |
|---|---|---|
| YTD Return | 16.01% | 16.16% |
| 1Y Return | 26.81% | 24.77% |
| 3Y Return (Ann) | 7.78% | 10.89% |
| 5Y Return (Ann) | 9.56% | 10.93% |
| 10Y Return (Ann) | 9.59% | 10.06% |
| Sharpe Ratio | 2.14 | 2.10 |
| Daily Std Dev | 11.59% | 11.04% |
| Max Drawdown | -54.68% | -56.98% |
| Current Drawdown | -0.25% | -0.17% |
Correlation
The correlation between PQIAX and VYM is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PQIAX vs. VYM - Performance Comparison
The year-to-date returns for both investments are quite close, with PQIAX having a 16.01% return and VYM slightly higher at 16.16%. Both investments have delivered pretty close results over the past 10 years, with PQIAX having a 9.59% annualized return and VYM not far ahead at 10.06%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PQIAX vs. VYM - Expense Ratio Comparison
PQIAX has a 0.86% expense ratio, which is higher than VYM's 0.06% expense ratio.
Risk-Adjusted Performance
PQIAX vs. VYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Equity Income Fund (PQIAX) and Vanguard High Dividend Yield ETF (VYM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PQIAX vs. VYM - Dividend Comparison
PQIAX's dividend yield for the trailing twelve months is around 1.77%, less than VYM's 2.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQIAX Principal Equity Income Fund | 1.77% | 2.59% | 5.37% | 5.05% | 1.52% | 4.30% | 7.41% | 6.28% | 3.73% | 2.11% | 1.75% | 2.00% |
VYM Vanguard High Dividend Yield ETF | 2.86% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
Drawdowns
PQIAX vs. VYM - Drawdown Comparison
The maximum PQIAX drawdown since its inception was -54.68%, roughly equal to the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for PQIAX and VYM. For additional features, visit the drawdowns tool.
Volatility
PQIAX vs. VYM - Volatility Comparison
The current volatility for Principal Equity Income Fund (PQIAX) is 3.05%, while Vanguard High Dividend Yield ETF (VYM) has a volatility of 3.32%. This indicates that PQIAX experiences smaller price fluctuations and is considered to be less risky than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.